Manhattan Beach Real Estate Ticker 5/27/16

Posted by Dave Fratello on Friday, May 27th, 2016 at 6:26am.

* Inventory @ 113 homes for sale *

Bold 7% cut on oversized custom house at 2312 Poinsettia comes after 2nd week (now $3.250M)

First cut of 2nd listing on 794 27th is almost 1% to $2.725M after 4+ months; it's actually 365 total days on mkt. (start: $3.290M)

East Manhattan action/absorption: big Cape Cod at 1658 9th has a buyer ($2.599M), little 'starter'/lot sale at 1623 10th is in escrow ($1.499M) and custom 90s house w/ pool & sports court at 1737 Nelson also is under contract (list: $2.299M)

Spanish TH with views at 3603 Manhattan Ave. took a long time to close, but got asking price: $2.800M

They're positioning 611 Anderson as a lot sale (4875 sqft. plot) at $2.200M

Tree Section new construx at 2409 Poinsettia was at $3.499M, first to cut deep to $3.2, sells for $3.100M

Much-oversized Tree Section custom build at 2312 Poinsettia cuts 7% after 2 weeks to $3.250M

Nice Tree Section modern at 1708 Elm closes 5% under asking after bidding war at $2.850M (Dave's clients got it)

You'll always remember where you were when you heard 201 Larsson is in escrow, at last (asking $2.750M)

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